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$2,250,000

Beds
2
Baths
3.5
sq ft
2,608

3550 S Ocean Blvd Unit 5D, Palm Beach, FL 33480

3550 S Ocean Blvd Unit 5D

South Palm Beach, FL 33480

  • 32 days on market
Live at 3550 South Ocean, Palm Beach's newest luxury, gated oceanfront boutique building. This professionally-designed 2 bed + enclosed den/3.1 bath residence features a private elevator entry & features curated pieces by Roche Bobois & custom build-outs/closets. Floor-to-ceiling glass frames stunning ocean views from the living area & primary bedroom suite, while the expansive, light-filled open plan portrays white oak wood-plank flooring throughout. Designed by Champalimaud, the chef-caliber Molteni kitchen is a stand-out w/Fantini fixtures & Miele appliances incl. a natural gas stovetop & wine refrigerator. 3550 South Ocean offers valet parking, 2 parking spots, concierge services & security. Just minutes from Worth Avenue, Eau Palm Beach Resort, top dining, spas & PBI airport.

Details

Property type

Condominium

Est. home value

$2,850,051

Lot size

181 sq ft

Price per sq ft

$863

Year built

2019

Annual property taxes

$37,760

Monthly HOA fee

$3,110

Price History

10/04/2024
Beaches

Beaches #R11026351

Listed
$2,250,000
06/03/2024
Beaches

Beaches #R10962255

Removed
$2,250,000
02/21/2024
Beaches

Beaches #R10962255

Listed
$2,250,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, Gated, Street Lights

Number of units in community: 

30

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$369,238
Asking price
$2,250,000
Closing costs (~8% of asking)
-$180,000
Est. remaining loan balance
-$1,700,762
Cash to seller
$369,238

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Biscayne Mortgage Llc

Loan start date

February 2022

Original loan amount

$1,800,000

Est. remaining balance

$1,700,762

Interest rate

3.22%

Loan type

New Conventional, 30 year

Seller

Princeton Oncology Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/05/2024 at 5:30 AM

Listing updated: 10/18/2024 at 10:09 PM

Listed by: Suzanne Maria Petrizzi, The Corcoran Group Phone #: (561) 655-9081

MLS: Beaches #R11026351

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